FY23 Q3 FY24 Q3 FY23 Q3 FY24 Q3 FY23 Q3 FY24 Q3 6.5 6.0 Total -8.2% 188 158 Total -16.2% 3.7 4.0 Others +6.7% 25 22 Others -12.5% 177 143 Total -19.3% 2.7 2.0 International PV Brand -28.5% 163 136 Nissan Brands -16.8% China TIV (Thousand units) Retail Sales Production 7.6 6.1 9.7 10.9 17.3 16.9 FY23 FY24 vs. FY23 Others +11.8% International PV Brand -20.0% -2.1% Q3 YTD Q3 YTD 467 432 80 65 547 497 FY23 Q3 YTD FY24 Q3 YTD vs. FY23 Others -19.2% Nissan Brands -7.4% -9.1% 545 481 FY23 FY24 -11.7% Q3 YTD Q3 YTD ...

Nissan Motor will cut 9,000 jobs and 20% of its global manufacturing capacity, the automaker said on Thursday, as it scrambles to reduce costs by $2.6 billion in the current fiscal year amid a sales slump in China and the US.The plans underline the vulnerability of Japan’s third-largest automaker, having never fully recovered from the disarray that led to the 2018 ouster of former chairman Carlos Ghosn and scaling back of the partnership with Renault.Nissan cut its annual profit outlook by 70% to 150 billio ...

Business Performance and Challenges - Nissan Motor Company reported decreased consolidated net revenue, global sales volumes, and an operating profit margin of 0.5% in the first half of Fiscal Year 2024 [1] - Global sales volumes decreased year-on-year to 1.6 million units in the first half of FY24 [6] - Profitability was impacted by higher selling expenses, inventory optimization efforts in the US, and rising monozukuri costs [6] Turnaround Plan and Cost Reduction - The company plans to reduce fixed costs by 300 billion yen (over $1.9 billion) and variable costs by 100 billion yen ($649 million) while maintaining healthy free cash flow [2] - Nissan will cut global production capacity by 20% and reduce its global workforce by 9,000 employees [2] - Measures include lowering selling, general, and administrative expenses, decreasing the cost of goods sold, rationalizing the asset portfolio, and prioritizing capital expenditures and R&D investments [3] Leadership and Compensation - President and CEO Makoto Uchida volunteered to forfeit half of his monthly compensation, with other executive committee members also taking pay cuts [4] Strategic Initiatives and Product Development - Nissan aims to launch 30 new models by 2027 and reduce the cost of electric vehicles (EVs) [4] - The company plans to advance the introduction of new energy vehicles in China and plug-in hybrids and e-POWER in the US [6] - Vehicle development lead time will be reduced to 30 months [6] Business Restructuring and Partnerships - Nissan is restructuring its business to become leaner and more resilient, with a focus on enhancing product competitiveness and responding quickly to market changes [5] - The company will deepen collaborations with Renault Group, Mitsubishi Motors Corporation, and Honda Motor Company, while exploring strategic partnerships in technology and software services [7] - A chief performance officer responsible for sales and profit will be appointed and operational by December 1 [7] Long-Term Vision - Nissan's ultimate goal is to create a leaner, more resilient business capable of swiftly adapting to market changes [7]

证券时报网讯，日产汽车预计,截至2025年3月的财年营业利润为1500亿日元（9.75亿美元），低于之前 的5000亿日元。 日产还表示，将减产20%，并出售三菱汽车公司10%的股份，全球将裁员约9000人。 校对：祝甜婷 ...

Group 1 - Nissan is cutting 9,000 jobs globally to reduce costs [1][2] - Sales volumes decreased year-on-year to 1.6 million cars, impacted by higher selling and production costs, particularly in the US [3][4] - Profit for the quarter ending in September was 32 million yen (approximately $208 million), significantly down from $1.4 billion reported in the same period last year [3] Group 2 - The company is reducing production capacity by 20% [4] - CEO Makoto Uchida and other executives will take voluntary pay cuts, with Uchida forfeiting 50% of his monthly compensation [4] - Nissan had 133,580 employees as of March 31, but the distribution of job cuts among the global workforce is not yet clear [5]

Nissan Motor Co., Ltd. (NSANY) is set to invest in ChargeScape, a joint venture (JV) with BMW (BMWYY) , Ford Motor Company (F) and Honda Motor Co., Ltd. (HMC) , focused on integrating electric vehicles (EVs) with the power grid. Once the deal is finalized, Nissan will hold a 25% stake and extend ChargeScape's services to EV users in the United States and Canada. ChargeScape, launched last month by BMW, Ford and Honda, uses software to wirelessly connect with EVs and manages electricity flow based on grid co ...

Nissan, the Japanese automaker, has announced its investment in ChargeScape, a company specializing in battery charging technology. This move aims to extend ChargeScape's services to electric vehicle (EV) owners in the U.S. and Canadian markets. However, the specific investment amount by Nissan remains undisclosed. ChargeScape was formed in September 2023 through a collaboration between Ford, BMW, and Honda's American division. The company's objective is to create a cost-effective platform that connects pow ...

NEW YORK and NASHVILLE, Tenn., Oct. 7, 2024 /PRNewswire/ -- Nissan has entered into an agreement to invest in ChargeScape, a joint venture equally owned by BMW, Ford and Honda focused on electric vehiclegrid integration. Once the transaction is complete, Nissan will become an equal 25% investor in ChargeScape and will roll out ChargeScape's services to its EV drivers across the U.S. and Canada. Last month, BMW, Ford and Honda announced the launch of ChargeScape, whose software wirelessly connects to electri ...

Nissan Motor Co. (NSANY) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. Individual i ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies. Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use tried-and-true metrics a ...